An Empirical Analysis of the Potential Factors Influencing Unemployment Rate
Author:Yuxin Zhou, Siyuan Chen, Yunbao Xu Author Unit: International Business School, Xi’an Jiaotong-Liverpool University, Suzhou 215123, Jiangsu, P. R. of China Department of Mathematical Sciences, Xi’an Jiaotong-Liverpool University, Suzhou 215123, Jiangsu, P. R. of China School of Economics, Hunan Institute of Engineering, Xiangtan 411104, Hunan, P. R. of China
Abstract：Unemployment rate is an important indicator to reflect the utilization degree of labor resources in a country
or region. In general, rising unemployment rate means that numerous labor resource is not used effectively.
This indicator is significant related to the social economic development of county or region and people’s living
standard. Labor market conditions are used by economists as a basis for judging the state of the economy, and
the government can also introduce or adjust relevant economic policies and employment policies based on
it. As Keynesian economics gained influence among policymakers, more countries committed themselves to
finding ways to approach full employment through government intervention. Governments increase employment
opportunities by stimulating business and enacting employment protection laws. In this empirical analysis we shall
conduct a statistical research on potential factors that can influence unemployment rate and establish a possible
relationship between unemployment rate and some other indexes via linear regression model.
Keywords：Unemployment Rate; Linear regression; Empirical Analysis; Macroeconomics
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